At a Glance
- Tasks: Manage treasury operations, cash flow forecasting, and execute FX trades for innovative investment strategies.
- Company: Join Pantheon, a leader in private markets investing with a collaborative culture.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Exciting career growth potential in a supportive and inclusive workplace.
- Why this job: Be part of a dynamic team making impactful financial decisions in a fast-paced environment.
- Qualifications: Strong treasury experience and proficiency in Treasury Management Systems required.
The predicted salary is between 60000 - 80000 £ per year.
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide.
The Treasury Associate sits in our Fund Finance team and helps run treasury operations across Pantheon’s commingled funds, separately managed accounts, and special purpose vehicles. You will oversee cash flow forecasting, sign off on capital calls, distributions and credit facility activity, manage our external outsource provider, and execute FX and money‑market trades. You will partner closely with deal teams, finance, legal, compliance, investor relations, banks, lenders and fund administrators — and contribute to scaling the platform as cash and debt under management grow. You will operate the firm’s Treasury Management System (Hazeltree).
Key Responsibilities- Liquidity and cash management: Oversee cash flow forecasting for Pantheon’s funds across all strategies, partnering with the investment, finance and investor relations teams. Sign off on investor capital calls and distributions. Monitor liquidity across all accounts to make sure we can meet new investments, calls, distributions, fees and expenses. Run treasury operations for legacy and wind‑down funds, including quarterly distribution processing. Support processes relating to the liquidation of public stock positions.
- Subscription and NAV credit facilities: Manage the external outsource provider responsible for tracking facility data, producing borrowing base and covenant calculations, and shadow interest calculations. Sign off on credit facility drawdowns, repayments, rollovers and compliance reporting. Track facility limits, key covenant dates and documentation. Escalate breaches or approaching thresholds promptly. Coordinate with internal teams and lenders on facility renewals and notices.
- FX and cash investment: Review and execute FX trades to support liquidity and FX exposure decisions. Review and execute money‑market fund trades and term deposits to support liquidity decisions. Run the firm’s cash yield programme in line with approved investment guidelines to enhance yield.
- Payments, systems and team oversight: Act as signatory for sensitive new deal wires and other urgent payments. Support oversight of the Treasury team’s day‑to‑day activities — liquidity, FX execution, deal settlement, facility management and tackling investor queries. Support the Treasury Management System upgrade project and other systemisation initiatives. Lead the build‑out of processes to support growth in cash and debt under management and assess further outsourcing to external providers. Keep fund mapping, account hierarchies and static data in Hazeltree complete and current. Reconcile TMS records against custodian and bank data; resolve breaks quickly.
- Controls, compliance and stakeholder partnering: Ensure compliance with relevant laws, regulations and Pantheon policy. Report compliance risks promptly and maintain high standards of conduct. Be a primary point of contact for internal stakeholders (investment, risk, fund finance, legal, compliance, investor relations) and external partners (banks, auditors, outsource providers, fund administrators).
- Strong treasury experience in private equity, private credit, infrastructure or a hedge fund is essential.
- Hands‑on experience with a Treasury Management System. Hazeltree strongly preferred.
- Detailed knowledge of subscription credit facilities and NAV financing, including drawdown mechanics, borrowing base and covenant monitoring.
- Comfortable executing FX spot and forward trades and money‑market fund transactions in a fund context.
- Strong grasp of payment controls and segregation of duties.
- High Excel proficiency and office applications.
- Track record of working accurately under deadline pressure in a high‑volume environment.
- ACT Certificate in Treasury (CertT) or equivalent qualification (CFA).
- Experience managing small Treasury Teams.
- Exposure to TMS implementation or treasury transformation projects.
- Familiarity with fund lifecycle management.
- Familiarity with SWIFT messaging standards and custodian reporting platforms.
- Working proficiency in Python/SQL/Cala or other programming languages.
- Meticulous, with strong ownership of operational accuracy.
- A proactive communicator who manages stakeholder expectations.
- A collaborator comfortable working across investment, finance, legal and compliance teams.
- Curious about how to make things better, identifying inefficiencies and contribute ideas to fix them.
- High professional standards.
- Aligned to our values and our risk culture.
This job description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job‑related duties as reasonably requested by your manager. Pantheon is an Equal Opportunities employer, we are committed to building a diverse and inclusive workforce so if you’re excited about this role but your past experience doesn’t perfectly align we’d still encourage you to apply.
Treasury Associate: Private Markets Cash & Liquidity employer: Pantheon
Pantheon is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the private markets sector. With a strong commitment to employee growth, Pantheon provides opportunities for professional development and encourages a culture of inclusivity and diversity. Located in a vibrant financial hub, employees benefit from a supportive atmosphere that values meticulousness and proactive communication, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Treasury Associate: Private Markets Cash & Liquidity
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those connected to Pantheon. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into Pantheon’s strategies and recent news. Show us you’re not just another candidate; demonstrate your passion for private markets and how you can contribute to our innovative approach.
✨Tip Number 3
Practice your pitch! Be ready to explain how your treasury experience aligns with our needs. Highlight your hands-on experience with Treasury Management Systems and your knack for managing cash flow effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step.
We think you need these skills to ace Treasury Associate: Private Markets Cash & Liquidity
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Treasury Associate role. Highlight your treasury experience, especially in private equity or credit, and any hands-on work with Treasury Management Systems like Hazeltree.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about treasury operations and how your background makes you a great fit for Pantheon. Be sure to mention your collaborative spirit and how you can contribute to our innovative culture.
Showcase Your Technical Skills:Don’t forget to highlight your proficiency in Excel and any programming languages you know, like Python or SQL. These skills are crucial for the role, so make them stand out in your application.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Pantheon
✨Know Your Treasury Basics
Make sure you brush up on your treasury management knowledge, especially around cash flow forecasting and credit facilities. Familiarise yourself with the specifics of subscription credit facilities and NAV financing, as these are crucial for the role.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with Treasury Management Systems, particularly Hazeltree. If you've worked with Python or SQL, highlight how you've used these skills to improve processes or solve problems in previous roles.
✨Demonstrate Collaboration
Since this role involves working closely with various teams, think of examples where you've successfully collaborated across departments. Be ready to explain how you manage stakeholder expectations and communicate effectively with different teams.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities in high-pressure situations. Prepare scenarios where you've had to manage liquidity issues or compliance risks, and be ready to discuss how you handled them.
